Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold quietly goes above $1900 again
>
Reply to Thread
Message:
<p>[QUOTE="Azpatriot, post: 1261169, member: 32979"]Agree completely, the suit/dinner comparison works best when the prices are in-line with the historical trend lines which they are not at the moment. Watching, waiting and jumping on bargain opportunities while taking some profits on strong prices is the recipe for success. When they start screaming gold is heading to 5k buy buy buy, then you will know its time to go the opposite way as the hammer falls.</p><p><br /></p><p>Precious metals, real estate, stocks, bonds and other commodities are all great investments when taken in context and with moderation. It is only those that zero in on one particular aspect that get hurt. People have made a killing the last 2 years on gold...it is possible that some will get killed over the next 2 years. I remember having clients come into my office back in 2000-2003 cashing out all of they're portfolios so they could buy/flip/rent/own more real estate....they would come in frothing at the mouth spouting "you can't lose money on real estate". I know that several of them have filed/in the process of filing bankruptcies whereas before the bubble they were sitting on good jobs...with hundreds of thousands of diversified dollars. Greed got hold of them and the rest is now history.</p><p><br /></p><p>Everyone should take note from the past decade, there are many examples that can be used on how to do it right and sadly many more on how to get it all wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="Azpatriot, post: 1261169, member: 32979"]Agree completely, the suit/dinner comparison works best when the prices are in-line with the historical trend lines which they are not at the moment. Watching, waiting and jumping on bargain opportunities while taking some profits on strong prices is the recipe for success. When they start screaming gold is heading to 5k buy buy buy, then you will know its time to go the opposite way as the hammer falls. Precious metals, real estate, stocks, bonds and other commodities are all great investments when taken in context and with moderation. It is only those that zero in on one particular aspect that get hurt. People have made a killing the last 2 years on gold...it is possible that some will get killed over the next 2 years. I remember having clients come into my office back in 2000-2003 cashing out all of they're portfolios so they could buy/flip/rent/own more real estate....they would come in frothing at the mouth spouting "you can't lose money on real estate". I know that several of them have filed/in the process of filing bankruptcies whereas before the bubble they were sitting on good jobs...with hundreds of thousands of diversified dollars. Greed got hold of them and the rest is now history. Everyone should take note from the past decade, there are many examples that can be used on how to do it right and sadly many more on how to get it all wrong.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold quietly goes above $1900 again
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...